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1107 FIRST AVENUE
About This Property
This charming 2-bedroom, 1-bathroom home is a perfect opportunity for first-time buyers or seasoned investors. Currently generating $2,000/month in rental income, the property features a new gas heating system installed in 2025 for efficiency and comfort.
Additional features include: Well-maintained interior, Strong rental history
Also comes with leased Solar Pannels to help the electrical expense!
Potential for bundle purchase with other properties for added investment value
Don't miss this income-producing property with long-term potential!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2026 | Price Decreased |
$190,000
↓ $10K
(5%) | |
| Price Decreased | |||
| May 26, 2026 | Price Decreased |
$199,999
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Mar 18, 2026 | Listed by EXP Realty, LLC | $210,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017